W is Now Natively Multichain on Ethereum and Layer-2s with Wormhole Native Token Transfers (NTT)

Native W tokens are now available on Solana, Ethereum, Arbitrum, Optimism, and Base through Wormhole Native Token Transfers (NTT). With NTT, users can seamlessly transfer W across Solana, Ethereum mainnet, and EVM L2s without the complications of liquidity fragmentation or liquidity pools, while preserving the unique utility of W within the Wormhole ecosystem. On Solana, W is an SPL token, and W is an ERC20 token on EVM chains.

Making W natively multichain completes the second phase of the W launch roadmap. This launch will lead to an industry-first multichain governance system, MultiGov, and W staking for governance. These advancements lay the groundwork for future token functionality, which is only possible with NTT and a native multichain token.

Broader access and more functionality

By making W natively multichain, Wormhole enhances the token's functionality and broadens its access to a wider range of users and developers across diverse blockchain ecosystems. A multichain token enables more efficient and flexible use of W, enabling more innovation and participation in the Wormhole ecosystem.

This launch aligns with Wormhole's roadmap and amplifies the commitment to an accessible, secure, and decentralized platform. The future of W is not just about multichain capabilities; it's about building new blockchain interoperability technologies and innovative governance systems.

Learn More about W

Anyone looking to learn more about W can view the W token webpage or W tokenomics.

What is NTT?

NTT is an open source framework that enables projects to transfer tokens natively across blockchains without the need for liquidity pools. This flexibility allows projects to dictate how their tokens function on each chain, from the token standard to metadata, ownership/upgradeability, and custom features. NTT also ensures projects retain full control over their security measures, including rate-limiting, pausing, access control, and balance accounting. 

Key Features of NTT

• Unified user experience: Tokens maintain their inherent properties on each chain, resulting in a natively multichain token that ensures a consistent and unified experience across chains.
• No liquidity pools: Token transfers occur without the need for liquidity pools, eliminating LP fees, slippage, and MEV risks.
• Integrator flexibility: Projects building with NTT retain ownership, upgrade authority, and customizability over their tokens. NTT can integrate with any token contract or standard and any protocol governance processes.
• Enhanced security measures: Projects can implement tailored security measures including rate limiting and cross-chain balance checks, supported by the Wormhole Guardian infrastructure.
• Composability: NTT is designed as an open source, extensible token transfer framework built to be adopted widely across the interoperability ecosystem.
• Custom attestation: NTT is extensible and allows integrators to optionally elect additional verifiers, such as their own smart contracts or off-chain processes, to provide custom validation parameters or logic.

Learn more about NTT at wormhole.com/native-token-transfers.

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